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    Property profile & analytics

    539 Spring St Marquette, MI 49855

    • Commercial real estate
    • 1,152 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2370564
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 539 Spring St

    Property size
    1,152 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully rented two-unit apartment building located at 539 W Spring St, Marquette, MI 49855. The property, classified as a Class C multifamily building, boasts a total of 1,152 square feet and comprises two apartments: a two-bedroom unit on the lower level and a one-bedroom unit on the upper level. Currently generating strong rental income, this duplex offers a compelling return on investment. Its desirable location provides convenient access to downtown Marquette and the local hospital, ensuring consistent tenant demand. The asking price is $230,000. Showings are available Wednesdays, Thursdays, and Fridays between 3:30 PM and 8:00 PM. This property is an excellent addition to any investment portfolio seeking stable cash flow in a thriving Michigan community. Note that a neighboring duplex at 541 W Spring Street is also available for purchase (MLS# 50150818). This presents a unique opportunity to acquire a significant rental property portfolio in a single transaction. Serious inquiries are encouraged to schedule a viewing and explore this lucrative investment prospect.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.4042029
    Latitude
    46.5430529

    Comparable in this City

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    Similar Nearby for Sale

    • $995,000
      6,048 SF

      Exceptional Marquette Investment

      Multifamily & Office Complex, High Return
      321 Front St, Marquette, MI 49855
      View Details
    • $999,000
      3,456 SF

      Downtown Marquette Turnkey Business Opportunity

      Profitable coffee shop with two apartments in downtown Marquette.
      223 W Washington St, Marquette, MI 49855
      View Details
    • $569,000
      4,258 SF

      Marquette 5-Plex Income Opportunity

      Five-unit apartment building near downtown Marquette.
      421 N Front St, Harvey, MI 49855
      View Details
    • $3,200,000
      9,500 SF

      High-Visibility Commercial Property on US 41

      Two-acre commercial site with frontage on US 41 corridor.
      2100 W Us41, Marquette, MI 49855
      View Details
    • $3,800,000
      2.20 Acres

      Prime Marquette Commercial Land

      US-41 Frontage, Multi-Building Opportunity
      2100 Us41, Marquette, MI 49855
      View Details
    • $3,900,000
      18,100 SF

      Prime Marquette Industrial Corner

      18,100 sq ft industrial building on 3.86 acres.
      919 Baraga Ave, Marquette, MI 49855
      View Details
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    539 Spring St
    Marquette, MI 49855
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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